Operator Program
Pacific Lake Partners
Advises and invests in search fund entrepreneurs pursuing small business acquisition and CEO leadership roles.
Overview
Pacific Lake Partners works with search fund entrepreneurs at every stage of the ETA journey — from deciding whether to pursue a search, through the acquisition process, and into the operating phase. The firm combines advisory support with direct investment, providing searchers with both capital and the strategic guidance needed to identify, acquire, and successfully run a small business as CEO.
The Model
Pacific Lake invests in the search phase and the acquisition, and stays actively involved as an advisor and board member after the deal closes. Their involvement goes beyond writing a check — they help searchers think through deal structures, evaluate targets, and navigate the challenges of stepping into a new business as CEO. The model is designed to increase a searcher's probability of success through close partnership, not just funding.
The Role
What They Look For
- High-character leaders with strong analytical and interpersonal skills
- Individuals with genuine conviction about the ETA path — not just exploring options
- Candidates with management consulting, investment banking, or operating experience
- Searchers with a thoughtful approach to industry selection and deal criteria
- People who value long-term partnership with their investors
Who It's For
- Aspiring CEOs who want an experienced partner through the full search and acquisition process
- Searchers who value advisory depth alongside capital
- Leaders looking to acquire and run a business in a defined niche or geography
- Individuals who want active board-level support after closing
What to Consider
- Advisory-backed model means close investor involvement — not a hands-off capital relationship
- Fit with the Pacific Lake team and philosophy matters as much as the deal itself
- The search fund model carries real execution risk — many searches do not close
- Equity vesting is tied to performance and time in the operator role
- Long-term commitment required — this is not a short-cycle investment or role
Interested in Learning More?
Visit the organization's website directly to learn about current opportunities, requirements, and how to get in touch with their team.
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